May 12, 2013
Sam Hinkie just completed his eighth full season with the Rockets. He has been the executive vice president of basketball operations since 2010. He was hired in Houston as the youngest vice president in the NBA in 2007. Before that, he spent two seasons as special assistant to the Rockets general manager. He is seen as an expert in analytics, the day-to-day management of basketball operations, the salary cap, and scouting college and other pro players. Before joining the Rockets, Hinkie advised two NFL teams on draft strategies and using statistical analysis to improve decision making.
April 23, 2013 |
Venture-capital activity may have been down in terms of deals and dollars during the first quarter nationwide, but the second-tier Philadelphia market did pretty well. Thirty-three companies raised $142.4 million during the first three months of 2013, compared with 44 companies attracting $54.5 million during the fourth quarter, according to the PricewaterhouseCoopers/National Venture Capital Association MoneyTree Report. SevOne Inc. , a Wilmington software developer, was listed as the big wheel landing the biggest deal: $60 million.
August 16, 2012 |
Among the handful of venture-capital firms based in Philadelphia's leafy suburbs, First Round Capital stands out for its national reach and its rapid pace - more than a deal a week. Now it's moving downtown. Josh Kopelman , a 1993 graduate of Penn's Wharton School, started venture-backed Infonautics (he took it public in the dot.com boom), auctioneer Half.com (now part of eBay ), and security firm TurnTide (sold to Symantec ) before setting up First Round with Penn computer-scientist-turned-investor Howard Morgan in 2004.
July 10, 2012 |
A former Philadelphia lawyer and his wife were sentenced to federal prison Monday for defrauding a New York venture capital fund, prosecutors said. Mikel D. Jones, 56, of Boynton Beach, Fla., was sentenced to 42 months in prison. His wife, Dona Nichols Jones, was sentenced to one day. As a result of the FBI investigation of Jones, a former aide to U.S. Rep. Alcee Hastings (D., Fla.), the agency has been investigating the son of U.S. Rep. Chaka Fattah, the Philadelphia Democrat.
June 27, 2012 |
In 27 years at The Inquirer, one of my favorite stories I wrote was a profile of El Wingador on the morning of Wing Bowl in 2002. I was at his home at 4 a.m. and followed him through to his crowning as Wing Bowl champion for the third time. I loved that story for two reasons. One, the level of Americana - the things El Wingador said and did that morning before and during the competition were simply priceless. But the second reason is the more important one. There was more than foolishness.
April 23, 2012 |
The Philadelphia region finally was home to one of the nation's biggest venture capital deals last quarter. Unfortunately, what the company does won't set imaginations afire because, I'm sorry to say, developing software for the insurance industry just isn't as sexy as, say, software to help you organize and share your digital photos. Still, Exton-based iPipeline Inc. did raise $71.44 million in January, good enough to place No. 8 on a list of the nation's largest venture deals included in the PricewaterhouseCoopers/National Venture Capital Association MoneyTree Report, released Friday.
January 24, 2012 |
Venture-capital financings probably get more attention than they deserve in the media, but I understand why. Precious little information is available about many private companies. Also, closely held firms tend to be stingy about disclosing numbers, including those on sales and employment. Though only a small fraction of all businesses attracts investment from venture funds annually, successfully raising a round of capital suggests that a group of financial professionals (who have looked at the crucial numbers)
December 5, 2011 |
By and large, entrepreneurs and venture capitalists are fonts of eternal optimism. You can understand that because both groups firmly believe there is no problem that can't be solved. And exploiting new technology is generally the way they solve those problems. So if you get a bunch of investors and start-ups together in the same room in Philadelphia and survey them, as KPMG L.L.P. did last week, then you're likely to hear that things can only be getting better and better.
October 11, 2011 |
Public stock and bond markets got you down? Venture capital is starting to look good again. VC and angel funding have rebounded strongly since 2008 and the financial crisis, and Golden Seeds Fund 2 L.P. , a vintage 2011 fund, is just one example. The fund is focused on making early-stage portfolio investments, such as Cognition Therapeutics Inc., a Pittsburgh life-sciences company, and is building a portfolio of 20-plus investments through 2013. Golden Seeds is a network of angel investors wagering on start-ups at a time when small business needs financing more than ever.